Work with one of the top FHA 232 and Apartment Lending teams, We have spent over twenty five years each, lending on Apartments and Healthcare properites using FHA and FNMA programs - Kendall Realty Advisors LLC is aligned with a leading, national multifamily and healthcare lender offering Fannie Mae, Freddie Mac and FHA lending programs.

Wednesday, March 6, 2013

Owners of multifamily, nursing homes, assisted living
facilities, and hospitals have long preferred traditional bank lenders over
FHA-based financing.The usual reason is
the difficulty and frustration of dealing with FHA versus the relative ease of
dealing with sophisticated lenders.Due
to the changes from the real estate market crash, the wave of bank
consolidations, and the reluctance of the remaining banks to return to lending,
owners should reexamine their traditional views of FHA financing.

Traditional financial institutions no longer securitize senior
multifamily and health care loans, thereby eliminating the availability of
conduit financing for these projects.We
have not yet seen the end of the foreclosure crisis and if banks incur addition
losses, bank financing for these types of projects will be almost impossible to
obtain.

FHA, on the other hand, has improved its process
dramatically.FHA-based financing has
always offered several significant advantages over traditional bank and conduit
lending sources if one was willing to deal with the red tape.Much of that red tape has now been removed or
streamlined and programs to finance hospitals have been added.The most obvious advantage to FHA is
continued credit availability that is unaffected by the subprime fiasco.Additional advantages are lower fixed rates,
nonrecourse loans, and long-term fully-amortizing debt.

FHA loans do not contain the numerous covenants contained in
traditional lending documents and specifically do not contain a debt service
coverage requirement.As markets evolve
and Medicaid and Medicare reimbursement methodologies are revised, a manager’s
ability to maintain a stable and predictable debt service coverage is
continually challenged. FHA-based
financing will prove especially valuable.

Our principal business is providing FHA-based
refinancing for multifamily, nursing homes, assisted living facilities, and
hospitals.We pride ourselves on our
ability to restructure traditional debt into FHA-based debt and working with
owners to develop a program using both traditional and FHA-based financing.Let us help you with your financial
needs.Please contact us at your
earliest convenience.

Loan Programs and Contacts:

About us:

Our knowledgeable team has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, FHA and FNMA insured loans. Throughout our careers, we have originated and/or underwritten in excess of $745,000,000 in mortgage loans with a focus on acute care hospitals, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for several NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Chuck has been president of a FHA mortgage company and a developer. Scott was the VP of Origination for several FHA and FNMA lenders. He has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products. We understand that the integrity of the loan officer for the loan quote and rate pricing can make a huge difference for FHA clients.